Bakkt's airline rewards service might come at the perfect time, and differentiate it from rivals
Quick Take
- Bakkt, which announced on Monday a $300 million fundraise, is set to launch its mobile app over the summer
- The app will allow users to covert their airline miles into crypto
- That could be a boon for struggling airline companies and a strong onramp for consumers.
Well, it looks like Bakkt's pivot away from crypto, and the upcoming launch of its retail-aimed application, couldn't have come at a better time – possibly.
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